Insiders at Twitter (TWTR) Make Significant Stock Sales Extends the Trend of Last Quarter

There was a substantial level of insider selling disclosed today in filings with the SEC for Twitter. Two insiders — Evan Clark Williams, Director, and Robert Kaiden, Officer — disposed of 549,642 shares in the company for approximately $17,536,469. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 2,818,638 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 3,368,280 shares and have averaged 673,656 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Twitter is higher than the 11-company peer group average. Social Media & Networking peer group saw 23 buy/sell trades during this period for an average of 2.1 transactions per company. The number of shares per buy/sell trade for Twitter insiders was also higher. Within the peer group there were 20,000 shares purchased and 3,280,301 shares sold with company insiders having sold 141,752 shares on average.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to create and write this story.